12月7日的iLoan Calc (Loan calculator)应用程序分析

iLoan Calc is a loan simulator application where you can setup your own details. You can calculate not only your mortgage but also your car loan or other loans. [Simple user interface] It's very simple to use. You can see your loan to be setting up 4 basic entries: Total loan amount, Interest rate, Term and Payment method. [Detail settings] Detail can be added as needed. For example, bonus payment, accelerated repayment and so on. [Loan simulation] iLoan Calc calculate your loan exactly. If both the repayment start date and the borrowing date are set, daily interest is calculated. [Comparison] You can compare between loans with different settings. Moreover, the comparison with/without accelerated repayment is also available. This allows you to check the effect of accelerated repayment easily. [Main features] - Calculation of each amount: - monthly payment - bonus payment - yearly payment - total payment - total interest - percentage of interest allocation, etc. - Show the amortization schedule, export as a CSV file. - Show graphs (historical graph, comparison graph) - Comparison: - compare with/without accelerated repayment - comparison between data - Save data - Calculate the loan amount using a subsidiary calculation function: - from desired repayment amount - annual income [Settable entries] - Loan amount - Interest rate and type (Fixed, Fixed multi-step, Variable) - Loan term - Payment method (Principal equal, Interest equal) - Bonus payment - Accelerated repayment (Reduce the total term, Reduce the monthly payment) - Various cost (Fees, Taxes, Insurance etc) - Starting date - Starting age - Borrowing date [Notes about calculation] - 5 year rule, 125% rule Amount of monthly payment is revised once every 5 year when you setup variable interest rate (5 year rule). The maximum amount of payment after the adjustment is 1.25 times more than the original amount (125% rule). - Accelerated repayment with reducing total term for the bonus payment If you accelerate repayment by reducing the total term, the reduced term is every 6 months (if you select twice a year bonus payment) or 12 months (if you select once a year bonus payment). * iLoan Calc is an application that allows you to calculate various amount of a loan. Please note that the results on this application gives a guideline and does not necessarily correspond to the results of financial institutions.